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Navient agreed to a $16 million settlement to resolve a class action lawsuit claiming that student loan debt owned by the company should have been dischargeable during bankruptcy.
The settlement benefits borrowers or co-borrowers of Navient-owned student loans who filed for bankruptcy protection after Oct. 17, 2005, after they became obligated to repay their student loans and who have never reaffirmed their private student loans.
Plaintiffs in the student loan bankruptcy class action lawsuit claim Navient should have discharged certain student loans after borrowers declared bankruptcy. Borrowers and co-borrowers allegedly suffered from financial damages when their student loans were not discharged.
Navient is a private student loan company that offers financing and loan servicing.Â
Navient hasn’t admitted any wrongdoing but agreed to a $16 million settlement to resolve the student loan bankruptcy class action lawsuit.
Under the terms of the settlement, class members can submit a claim for damages they suffered including student loan payments made after bankruptcy filing. Class members could receive between 20% and 100% of the damages they sustained.
Navient also agreed to forgo the collection of certain outstanding balances. This may be entire loan balances or partial balances. The company will also delete or update all trade lines at credit reporting agencies related to these forgiven debts. According to the settlement website, this debt relief is valued at $182.4 million.Â
The deadline for exclusion and objection is Nov. 13, 2023.
The final approval hearing for the settlement is scheduled for Dec. 13, 2023.
In order to receive a settlement payment, class members must submit a valid claim form by Nov. 20, 2023.
Who’s Eligible
Borrowers or co-borrowers of Navient-owned student loans who filed for bankruptcy protection after Oct. 17, 2005, after they became obligated to repay their student loans and who have never reaffirmed their private student loans
Potential Award
Varies
Proof of Purchase
N/A
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
11/20/2023
Case Name
Youssef v. Navient Solutions LLC, et al., Adv. Pro. No. 17-1085, in the U.S. Bankruptcy Court for the Eastern District of New York
Final Hearing
12/13/2023
Settlement Website
Claims Administrator
Youssef v Navient Solutions
c/o JND Legal Administration
PO Box 91072
Seattle, WA 98111
[email protected]
866-848-0808
Class Counsel
Adam R Shaw
George F Carpinello
Jenna C Smith
BOIES SCHILLER FLEXNER LLP
FISHMAN HAYGOOD LLP
JONES SWANSON HUDDELL LLC
LAW OFFICES OF JOSHUA B. KONS LLC
Defense Counsel
Thomas M FarrellÂ
MCGUIREWOODS LLP
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![A woman looking at her computer screen in the office, representing the [24]7.ai settlement.](https://topclassactions.com/wp-content/uploads/2024/08/shutterstock_2472677939-380x214.jpg)
66 thoughts onNavient student loan bankruptcy $16M class action settlement
Ohio should be included in this. Everything in the outline of this settlement fits me but the state is not included.
I want to know if I qualify for this Navient Lawsuit.
What is are the requirements to qualify?
So you only qualify if you declared bankruptcy? I thought student loans were not dischargeable
Based on the eligibility requirements, I definitely meet the requirements and would like to be included in the settlement.
Filed bankruptcy 2012 after nasty divorce and 5 children. Lost my home and car. I am still being hounded by these bastards from 1999 2000. Please add me to this class action. Need help
Please add me
Please add me.
Please add me
Add me please
I’ve had to file bankruptcy 2 times since 2009
I graduated in 2008 from Brown Mackie College.. that college was a joke in the first place
Hopefully I get on this list
Please add me
Now I understand why my loan amount has dropped down past $30,000 for the past 8 years. The Internet will always outweigh the actual amount. I need help and I’m reading so much but I don’t quite understand all the legal terms. Do they have lawyers helping or people forced to go in debt obtaining a lawyer I wish this nightmare was overrrrrrrðŸ˜
Correction… My loan about has never dropped below $30,000 even though I’ve been paying. Since the loans payments started, I’m required to pay $500 monthly. I know others need help and I wish it was simple to get help. I trusted Navient but now I don’t know who to trust it where my money has been used towards. … This is a continuation of my previous response. I’m positive my student loan will never be paid in full unless I’m disable or deceased … Sadddd. I never understood why the board of education sold my loan to Navient. Now look at this mess!!!